Chambers, David; Dimson, Elroy; Foo, Justin - National Bureau of Economic Research (NBER) - 2014
Founded in 1441, King's College was one of Cambridge University's wealthiest Colleges, endowed with a vast agricultural portfolio. John Maynard Keynes was appointed bursar just after WWI and initiated a major reallocation to equities, an innovation at least as radical as the late 20th century...